FS Investment Director Purchases $271,563 in Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director David J. Adelman purchased 26,238 shares of FS Investment stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $10.35 per share, for a total transaction of $271,563.30. Following the transaction, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $352,552. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FS Investment (NASDAQ:FSIC) traded up 0.29% during mid-day trading on Friday, hitting $10.33. 698,073 shares of the company’s stock traded hands. FS Investment has a 52-week low of $9.82 and a 52-week high of $10.75. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $10.38.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 25th will be given a dividend of $0.0743 per share. This represents a $0.89 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend is Thursday, August 21st.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of FS Investment in a research note on Tuesday, July 1st. They set an “outperform” rating on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of FS Investment in a research note on Tuesday, June 17th. They set an “outperform” rating and a $11.75 price target on the stock.
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